The number of employees receiving pay and benefits from their employer declined 0.3%, or 57,400 positions, in September, following little change in August.
News in end use
New US Residential Single-Family Home Sales Tumble 17.3% in October
New residential single-family home sales for October were at a SAAR of 610,000, 17.3% below the revised September rate of 738,000.
FHFA Home Price Index Increases 4.3% Year-Over-Year in Q3
The FHFA House Price Index rose 4.3% year-over-year in Q3. When compared to Q2, prices were up 0.7%.
S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in September
The S&P CoreLogic Case-Shiller US National Home Price NSA Index posted an annual gain of 3.9% in September, down from a 4.3% increase in August.
US Consumer Confidence Index Continues to Improve in November
The Conference Board Consumer Confidence Index® increased to a reading of 111.7 (1985=100) in November, up 2.1 points from 109.6 in October.
Mortgage Application Payments Jump in October
MBA’s national Purchase Applications Payment Index climbed 2.8% to a reading of 162.3 in October, up from 157.9 in September.
Investor Home Purchases Return to Pre-Pandemic Level in Q3
Real estate investors purchased 2.3% fewer homes in Q3 compared to a year earlier, Redfin reported.
“Missing Middle” Construction Hits 17-Year High in Q3
In Q3, there were 6,000 2-to-4-unit housing starts, double the pace from a year ago, NAHB reported.
Conditions for Custom Home Builders Little Changed in Latest US Census Bureau Survey
Conditions for custom home builders remains relatively flat after a period slight softening of market share due to declining mortgage rates, the Census Bureau and NAHB reported.
Canadian New Housing Price Index Declines 0.4% in October; Largest Monthly Drop Since 2009
The New Housing Price Index fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country.